Stocks fell on Wall Street and bond yields rose Wednesday after Federal Reserve officials signaled they may start easing off the accelerator on their massive support for markets…
(Newser) – Stocks fell on Wall Street and bond yields rose Wednesday after Federal Reserve officials signaled they may start easing off the accelerator on their massive support for markets and the economy earlier than previously thought. The S&P 500 fell 0.5% after a highly anticipated set of projections by Fed policymakers showed some see short-term rates rising half a percentage point by late 2023, the AP reports.
